Highlights include: first week pop to 1284H, 1/13 key low, up to 1/25, then down to 1/30L on SPX 20MA; up from there to 2/9H, pullback 1340 exact, then big up to 3/13+; and most recently 3/26 high down to 3/30 low, then up. Yes, all this was written out in advance of it happening in each weekly view! If you think this is too good to be true, I will simply say that this is the result of many years of hard work and a forecasting technique that has been honed by the acid test that is the market.
If you are a trader or investor then having a weekly preview with a very high probability of being correct is of obvious benefit.
All text that says 'sent' was over the weekend for Monday's report (or Tuesday in the case of holiday).
Result: 1/3H at 1284 and then sideways. Week turned out positive but shifting bullish easy to do. Mostly right.
Sent 1/7: Monthly, weekly and daily SPX charts are all bullish yet nearing resistance zone from 1292-1315 (values will be a bit higher as bars open). Basically looking for an early high then drop and maybe sharp into low on Friday."
Result: Highs at 1296, down into Friday for key low. Got it.
Sent 1/16: "All SPX charts are bullish; market heading into OE week and as of Friday's cash close just 11 points from 1300 level. Likely that this will trade then watching for reaction from there; ideal high up near 1310 ABCD 100 target and top of daily BB." And: "Moderate bullish but also expecting periods of slower action. Expecting up overall on Tuesday though probably quiet range day; Wednesday some check of low likely but afternoon improves; probably higher Thursday but maybe slow for session; Friday mostly quiet."
Result: Nailed it.
Sent: 1/21: "Bulls have the ball and everything points higher; however, SPX approaching RSI overbought, near daily BB resistance and a major weekly ABCD pattern at 1325. Therefore, preferred scenario is a little higher - watching how daily BB and 1325 react, ideally they are about the same; then pullback or consolidation." And: "Monday expecting higher though session looks mixed, Tuesday may open higher but session should be mostly down, Wednesday up?, Thursday probably down, Friday can open lower, stabilize for session then probably recover in afternoon."
Result: Close high 1/25 at 1326, slightly higher 1/26 at 1333, then mild pullback & consolidation. Nailed it.
Sent 1/29: "Logical move is pullback to daily support, then probably another move up towards highs. Ideally the drop is to SPX 20MA which is currently 1295 but will be higher on Monday and still higher on Tuesday even if market drops. Due to slope it should bounce on first hit. If market up on Monday or Tuesday then that is even more bullish with overbought condition worked off by sideways move; this would suggest substantial new highs into next key high date." And: "Monday and Tuesday officially either way but preferred scenario is more of a pullback to daily chart support and/or deeper support level on hourly. For example SPX 1305 would be close to hourly ES 1301; then SPX 20MA might be nearby as well. A little biased towards Monday down overall then Tuesday up. Wednesday also mixed signals but would like to see key low here, then higher. Thursday and Friday expecting up."
Result: Nailed it with pullback to 20MA on 1/30, sideways Tuesday, then up from there.
Sent 2/4: "All charts are in strong uptrends with daily SPX closing outside its BB. This condition doesn't usually last long, so even if higher probably at a slower pace. Most likely is some consolidation before another push up, but I don't think 2/3 was the final high. Weekly chart looks like it is going for last year's high near 1370-76. A clear rejection back below 1333 and then break of SPX 20MA would get me thinking bearish again, but for now bulls in charge and think market can go higher." And: "Moderately bullish and expect higher for the week especially into key high date near 2/9."
Result: Up into 2/9 exactly as called.
Sent 2/12: "SPX monthly and weekly charts look like they can and should go higher before a final top. It would also be nice to see divergences on RSI on the daily chart when this does happen. That said daily chart looks vulnerable to a bit more pullback than just Friday, and think markets ripe to test the daily 20MA at least and possibly lower. If 20MA breaks then watch the Fibs listed above: 1317 / 1306 / 1295. Best case for bulls would be another period of sideways consolidation to work off the overbought condition; and/or a test of SPX 1333 area (prior high) and healthy response."
Result: Market held up in bullish sideways consolidation scenario. Good enough here.
Sent 2/20: "Bullish with divergence means ideal scenario is tag of SPX 1370-76 then some drop. Ultimately the monthly and weekly charts look like they can go higher, but 2011H and near upper BBs on daily & weekly are an ideal spot for some pullback or longer consolidation in next 2 weeks. As long as market continues to make higher highs - along with improving economic data - and put-call not too low, then dips will continue to be bought and market will continue higher especially into March." And: "After Tuesday 'upside' should be more limited and ideal scenario is a tag of 2011H then pullback. If some bad news breaks then shakeout is possible. Anything higher than SPX 1376 is very bullish and points to all the 1400+ targets listed above, but think there is a better chance of this happening in March."
Result: Up Tuesday 2/21 to 1367 (3 points from 1370) then sideways. Check!
Sent 2/25: "Upside 'should be' more limited for at least some of this week but that doesn't necessarily mean down. Monday could open higher due to Sunday 7T, then session either way. Tuesday preferring down but not high confidence and watching clues; Wednesday more easily lower, Thursday probably back up for first of the month, Friday also expecting higher especially in NDX."
Result: Mostly sideways, 'upside limited but not necessarily down' apt description; Wednesday delivered down and Thursday up. Check.
Sent 3/3: Main question for SPX is whether next move is 1400 or 1340-50; I think better chances of 1400... That said, a profit taking pullback is possible and if Monday starts and closes lower this move will be on. Likely down to 1360 area minimum and chance 1340 but that level (ie lower daily BB on SPX and 38% from 2 lows back) should be bought big.
Result: Monday down and closed lower, result was move to 1340 which was bought! Although started with 'better chance of 1400' shifting bearish per down Monday then looking to buy 1340 was spot on!
Sent 3/10: Bulls delivered on the bounce, now market needs to put in a convincing higher high... To be clear I really prefer higher highs here. Monday down then up but overall direction either way; Tuesday should deliver higher and this day and into early Wednesday best chance for move up; Wednesday may open higher but signals mixed for session; Thursday either way, Friday preferring some up.
Result: Nailed it.
Sent 3/17: "Expecting some choppy pullback Monday through Wednesday, back up Thursday and best chance for pop up, Friday may start higher but ripe for a fade. So some low Tuesday or chance Wednesday, then Thursday-Friday key high."
Result: Choppy pullback which extended into Thursday-Friday. Not quite!
Sent 3/24: "Monday either way overall (3/26 listed as key high), Tuesday down and maybe big, Wednesday either way, Thursday down, Friday back up. For stock swing trades short Monday into Tuesday and possibly Thursday look like best moves; then buying Thursday into following week also possible."
Result: Short Monday into Thursday, then buying Thursday 3/29 into 4/2 were both spot on. Check!